South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent

South Korean Music Sharing Platform Registers NFT Music Theft Prevention Patent

THELOGICALINDIAN - A South Korean music administration belvedere Koong World afresh appear the allotment of a nonfungible badge NFTbased music annexation blockage apparent Using this apparent the music administration belvedere aims to break the botheration of absorb aegis in the rapidly growing music market

Tackling the Problem of Copyright Infringement in the Music Industry

A South Korean peer-to-peer music administration platform, Koong World, afresh registered an anti-music annexation apparent with the Korean Intellectual Property Office, a address has said. Kung World says the apparent will accredit it to break the claiming of absorb contravention in the music industry.

The allotment of the apparent comes beneath than a year afterwards the barrage of the music-sharing belvedere itself. Since its barrage in 2024, the belvedere now boasts over 2 actor associates and over 40,000 registered songs.

According to a report by Forkast, Koong World was awarded a apparent allotment by the Korean Intellectual Property Office on April 14, 2021. Another address by FN News said the apparent is for “a adjustment of accouterment casework performed on a server of a music belvedere application blockchain-based NFT.”

Development of an Open Ecosystem

In his comments afterward the allotment of the patent, Kim Han-jo, the administrator of Koong World, explained how the apparent helps artists assure their bookish property. The administrator said:

The administrator additionally hinted that the success of the apparent hinges on the development of an accessible ecosystem that “utilizes all online articles including music and banking services, and accept fair compensation.”

The address said Koong World’s NFT patent, which has been declared as the aboriginal of its kind, is accepted to advice “guarantee” profits that accumulate to music creators.

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